Bought with Troy Wilson • Bellator Real Estate & Dev,LLC
$1,650,000
$2,225,000
25.8%For more information regarding the value of a property, please contact us for a free consultation.
6,550 SqFt
SOLD DATE : 05/19/2023
Key Details
Sold Price $1,650,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 6,550 sqft
Price per Sqft $251
MLS Listing ID 7153747
Sold Date 05/19/23
Annual Tax Amount $11,301
Tax Year 11301
Lot Size 0.310 Acres
Property Sub-Type Mixed Use
Property Description
Welcome to THE MILL, Fairhope, AL's only Food Hall, Sports Bar and Event Venue space.
This property features a total of 13,000sq ft, with almost 9000 sq ft of seating space; 4500sq ft of light-filled interior space and 4300 sq ft of outdoor courtyard space. With Seating for up to 500 people total this is one of the largest eating spaces in Downtown Fairhope.
There are 3 operational kitchens all leased separately. Current tenants include MaryAnn's Deli & Catering and Fairhope Burger which are open during lunch hours and draw daily crowds. There are multiple streams of income potential outside of those hours. There is a full service bar that offers 15 beer taps and 7 wine taps as well as 5 flat screens throughout the space perfect for game days. Building ONLY for sale. Businesses are not for sale.
Fairhope, the live-oak lined Mayberry, has a population of just over 23,000 people, but with 8M people visiting Baldwin county each year to visit our quaint towns and beautiful beaches, Fairhope draws its crowd with special events like Mardi Gras in February, The Arts and Crafts Festival in March and the Lighting of the Trees in November and other events like the popular Grandman Triathlon and a Fairhope favorite the Witches Ride. All of these events take place in the downtown area where the Mill is located. As Fairhope keeps making the pages of Magazines like Southern Living and Travel and Leisure there are sure to be more people that come to see what it's all about. Come see why Southern Living Magazine says you can't help but fall in love with Fairhope, and find out if you want to be a central part of what makes Fairhope so special by owning this amazing venue.
Location
State AL
County Baldwin - Al
Zoning B-2
Direction Heading south on Highway 181, continue to County Road 48 and take a right. Continue all the way into downtown Fairhope. Take a right on Bancroft St and the Mill is a few blocks down on the left.
Rooms
Basement None
Interior
Interior Features High Ceilings 10 or Greater, Restrooms
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air
Flooring Ceramic Tile
Exterior
Fence Fenced, Gate, Wood
Utilities Available Other
Waterfront Description None
View Y/N true
View City
Roof Type Metal
Total Parking Spaces 15
Building
Lot Description Corner Lot, Level, Sidewalk, Street Lights
Foundation Slab
Level or Stories One
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
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